Forgivable Home Grants in Olympia Fields Illinois
Home Buyer Grants in Olympia Fields Illinois
Do you meet the general criteria for a home loan but lack the down payment? Because this happens far too often Smart Mortgage Centers has created forgivable grant programs in Olympia Fields, IL that provide down payment and closing cost assistance for borrowers who would otherwise qualify for a mortgage.
Smart Mortgage Centers offers Homebuyer Grants. To qualify the mortgage will be completed by Smart Mortgage Centers. Grant programs in Olympia Fields are not limited to First Time Homebuyers.
- 580 Credit Score Required
- Grant is completely forgiven – no repayment required!
- Grant can be used for down payment and/or closing costs
- Seller Credit of 6% is allowed
- Gift funds are allowed!
- Borrower(s) not required to be First Time Homebuyers.
- Income limit is based on qualifying income used for transaction, not household income.
Olympia Fields is a village in Cook County, Illinois, United States. The population was 4,988 at the 2010 census.[3] The municipality grew up around the prestigious Olympia Fields Country Club, originally established in 1915.
Olympia Fields is noteworthy as one of the wealthiest and best educated, majority African-American, communities in the United States.[4] The village’s zip code (60461) is one of three majority African American communities which rank among the top five percent in the U.S., for median household income and share of adults with college degrees.[5]